CIPS Exam L3M2 Topic 1 Question 4 Discussion

Actual exam question for CIPS's L3M2 exam

Question #: 4
Topic #: 1

[All L3M2 Questions]

Use of competition is most obviously going to influence which of the following 'rights'?

ARevenue

BTime

CPrice

DPlace

Show Suggested Answer

Suggested Answer: C

All aspects of an acquisition may be impacted by the use of competition - normally favourably - but the one we are most likely to see immediate impact on is 'price'.

by Gwenn at Mar 18, 2024, 05:53 PM

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Pearline

10 months ago

I never thought of that perspective. I agree with Thersa, B) Time makes sense.

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Thersa

10 months ago

Actually, I think B) Time is the right answer. Competition can affect how quickly a product moves.

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Michel

10 months ago

I see your point, but I still think it's D) Place that competition will impact.

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Rodrigo

10 months ago

I disagree. I believe it's C) Price that will be influenced by competition.

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Tijuana

10 months ago

I think the answer is A) Revenue.

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Afton

11 months ago

Competition can also affect the time it takes for products to reach the market.

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Wilburn

11 months ago

True, competition can lead to innovation and higher revenue.

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Jarvis

11 months ago

But competition can also improve quality, which affects revenue.

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Afton

12 months ago

I agree, competition can drive prices down.

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Wilburn

12 months ago

I think the use of competition definitely affects price.

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